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Sheridan Company uses a periodic inventory system and reports the following for the month of June. Date June 1 (a1) 12 23 30 (a2) Explanation
Sheridan Company uses a periodic inventory system and reports the following for the month of June. Date June 1 (a1) 12 23 30 (a2) Explanation Units Inventory Purchase Purchase Inventory 110 Your Answer Correct Answer (Used) 370 Weighted-average unit cost $ Cost of the ending inventory 230 Cost of goods sold 250 eTextbook and Media Your answer is partially correct. Save for Later Unit Cost $5 Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) $ 6 $ 7 Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to 0 decimal places, e.g. 125.) Total Cost $550 FIFO 2,220 1,610 6.169 $ $ LIFO $ $ Average-cost Attempts: 1 of 3 used 1542.25 Submit Answer
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